Embotelladora Andina

Balance sheet is solid with diversified debt and substantial liquidity.

As of June 30, 2026, cash and cash equivalents were ~Ch$322,077 million, other financial assets totaled ~Ch$200,353 million (current and non‑current), and other financial liabilities were ~Ch$1,251,591 million, implying net financial liabilities near ~Ch$729 billion by our approximation.

Fitch affirms BBB+ (Stable) with EBITDA margin ~17.8 percent, net leverage ~1.3x and EBITDA interest coverage ~10x, and shows a long‑dated maturity profile including USD 300 million unsecured notes. These support resilience through cycles.